Nuveen Select Maturities Municipal Fund (NYSE:NIM) Declares Monthly Dividend of $0.03

Nuveen Select Maturities Municipal Fund (NYSE:NIM) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0275 per share on Thursday, May 1st. This represents a $0.33 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Select Maturities Municipal Fund has raised its dividend by an average of 8.5% per year over the last three years.

Nuveen Select Maturities Municipal Fund Price Performance

Shares of NYSE:NIM traded down $0.06 during mid-day trading on Thursday, reaching $9.24. 13,589 shares of the company’s stock were exchanged, compared to its average volume of 31,890. Nuveen Select Maturities Municipal Fund has a twelve month low of $8.60 and a twelve month high of $9.64. The business’s fifty day moving average price is $9.14 and its 200-day moving average price is $9.07.

Nuveen Select Maturities Municipal Fund Company Profile

Nuveen Select Maturities Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests primarily in municipal securities rated Baa/BBB or better.